University Medical Center will likely adopt a lower tax rate for its next fiscal year after receiving a $34.7 million commitment in American Rescue Plan Act funds from the county — an allotment county officials hoped the city would help fund, El Paso Matters reports.
Hospital officials were initially considering adopting the same tax rate as last year to fund the hospital district’s approximately $1 billion budget, which would have meant an increase in property taxes for most El Pasoans. But the infusion of federal money means that on average, homeowners will not see a tax increase from the hospital next year. Read more.
